74210 Highway 111 - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260- Palma Village Groves
$1,750,000 USD
760-880-1858
74210 Highway 111, Palm Desert, CA for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | Request Cap Rate

74210 Highway 111
Palm Desert, CA 92260
Palma Village Groves


OVERVIEW

74210 Highway 111 offers a rare opportunity to acquire a well-positioned, ±5,000 SF freestanding retail/office building in the heart of Palm Desert’s highly sought-after Downtown Edge District. Originally constructed in 1985 and situated on approximately 13,503 SF of land, the property sits just off the signalized intersection at El Paseo, enjoys prominent Highway 111 frontage with ±96 feet of visibility and dual access via front and rear parking lots. The building offers both physical flexibility, financial flexibility, and future development flexibility. Currently comprising two suites — ±3,000 SF owner-occupied space (to be delivered vacant) and ±2,000 SF leased on a month-to-month basis to a long term tenant, offering immediate income with value-add potential. The private gated rear parking lot includes 19 dedicated surface spaces (parking ratio of ±3.8/1,000 SF), and the property’s favorable zoning may allow for future vertical expansion or mixed-use redevelopment opportunities. Its wood-frame construction, street-level visibility, and proximity to premier retail destinations such as El Paseo make this an ideal asset for both owner-users and investors seeking a stable foothold in the Coachella Valley.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

±5,000 SF Storefront For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,352 SF

ZONING

C1SP

APN/PARCEL ID

625-085-004

ASK ABOUT THIS PROPERTY

Heather SharpProgressive Real Estate Partners Coachella ValleyMore Info
760-880-1858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Heather SharpProgressive Real Estate Partners Coachella ValleyMore Info
760-880-1858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.